What is the ruling on dealing with usurious banks by keeping an amount of 1000 dirhams to avoid withdrawal fees, and how should the interest from this amount and the interest from an Islamic bank be dealt with, and are there truly Islamic banks?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If it is possible to transfer the salary directly to an Islamic bank, then that should be done. If it is not possible, then there is no harm in it being deposited in an interest-based (riba-based) bank, but it must be withdrawn immediately upon deposit, even if that results in a small deduction. This deducted amount is considered as payment for the usurious interest. As for the interest accrued on the previous amount in the bank, it should be spent on the general welfare of Muslims. The principal amount in the bank should be included with other funds for purposes if it reaches the and a year has passed over it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/78430
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 78430
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy